For Biotech and Life Science businesses, their top priority is to further improve quality of life by conducting clinical trials and discovering advancements in medicine. This leaves a small amount of time to manage back-office tasks including the procurement process. To drive efficiency, Biotech and Life Science businesses use technology such as NetSuite’s procure-to-pay (P2P) process, which integrates everything from the product selection all the way to receiving, reconciliation, invoicing, reporting and more.
In addition to NetSuite, many organizations in this vertical leverage integrations between NetSuite and key systems like Prendio or Coupa. Prendio is a cloud-based eProcurement software that strives to accelerate research and development as well as reduce time to market by streamlining the P2P process. Through the NetSuite and Prendio integration, Biotech and Life Sciences businesses can save time and money through a simplified eProcurement system.
At SquareWorks, we partnered with Prendio to deliver our very own connector, ProcureWorks, to further streamline the P2P process.
With more than 20 years of experience working with Biotech and Life Science businesses, we can help deliver a seamless P2P experience together. Our background includes anything from pre-revenue to fully commercial, as well as dozens of successful NetSuite projects. We are SuiteSuccess certified for all Biotech-related NetSuite SKU’s, including Advanced Financials expertise for complex scenarios such as international and multi-currency environments. We also have experience with integrations between NetSuite and key systems such as Prendio or Coupa. We are industry experts and we believe that we can help take your NetSuite environment to the next level.
Biotech and Life Sciences businesses work diligently to discover groundbreaking advancements in medicine. At SquareWorks, we want to help your team maintain this focus and offer support for your back-office tasks by delivering a seamless P2P experience through our NetSuite Prendio Connector, ProcureWorks.
With ProcureWorks, you can easily sync vendor details automatically between the two systems and streamline the P2P process. Enter Vendor Bills in Prendio and the connector will create them instantly in NetSuite as open Vendor Bills. Increase visibility by attaching a copy of the packing slip, purchase order and invoice in Prendio, which will then be sent to NetSuite. From there, you can approve Vendor Bills or in NetSuite via SquareWorks Approval Automation feature, part of SquareWorks AP Automation Suite. Once vendor payments have been applied in NetSuite, payments are automatically updated in Prendio.
Through the NetSuite-Prendio Connector, ProcureWorks, your team will streamline the P2P process, increase visibility, and allow more time for scientific research. If you are interested in setting up this connector or have any questions, please reach out to us here.